Tagged: mark mullen

UK’s Atom Bank, a Mobile-Only Banking Platform, Reports Solid Progress Despite Considerable Losses

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

Atom Bank has Filed to Raise Equity Capital in the US

Atom Bank has filed a Reg D, 506b, notice of an exempt offering with the Securities and Exchange Commission.  According to the document, Atom Bank is seeking approximately $124 million in equity capital. The digital only challenger bank is working with Macquarie Capital USA on the… Read More

Digital Challenger Bank Atom Receives £45 Million Investment from BBVA

The  future of banking is almost here and Atom Bank, a digital only platform, has just received a solid £45 million investment from BBVA. The capital injection will give BBVA a 29.5% ownership stake in Atom. According to Atom, this completes the company’s £85 million… Read More

The Future of Banking Arrives: Atom Bank Receives License in UK for Virtual Bank

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

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